This content is highly relevant, and the core is about the life and death line of $ BTC. Market sentiment has now panicked to the extreme, with the index dropping to single digits, which is usually a precursor to a trend change. A large number of options are expiring, coupled with the geopolitical situation in the Middle East, which has indeed brought considerable selling pressure to the market, causing large funds to repeatedly compete for key positions.
But I dare to assert that this is a typical "golden pit". Although it may seem precarious in the short term, on-chain data shows that the cost of new entrants is at the current level, and long-term holders have not exited on a large scale; instead, they are accumulating. Large institutions on Wall Street are quietly positioning themselves, so don't get shaken out at this time.
The upcoming script is very clear: as long as this key support level is maintained, even if there is a momentary spike downwards, it will quickly recover. This is definitely an excellent opportunity to build a position with a very high risk-reward ratio. Don't try to guess where the exact bottom is; accumulate the bleeding chips in batches and hold on for a rebound. This wave of recovery is sure to include your share.
